Welcome to our dedicated page for Navios news (Ticker: NMM), a resource for investors and traders seeking the latest updates and insights on Navios stock.
Navios Maritime Partners L.P. (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. This news page aggregates company‑specific announcements, earnings releases and operational updates drawn from Navios Maritime Partners’ own public communications and regulatory disclosures.
Readers following NMM news can expect regular updates on time charter and voyage revenues, net income, EBITDA and cash flows, as the partnership reports its financial results for each quarter and half‑year period. The company’s releases also cover common unit repurchases under its authorized repurchase program and cash distributions declared by its Board of Directors for specific quarters.
Because Navios Maritime Partners operates a diversified fleet of dry bulk vessels, containerships and tanker vessels, a significant portion of its news flow relates to fleet activity. This includes announcements of vessel acquisitions and deliveries, sales of older vessels, chartering of containerships and tankers under multi‑year contracts, and updates on newbuilding programs for Aframax/LR2 tankers, MR2 product tankers and containerships with specified TEU capacities.
Capital structure and financing developments are another recurring theme in NMM news. The partnership issues press releases on new bank credit facilities, refinancing of existing indebtedness, interest rate swap transactions and senior unsecured bond placements in the Nordic bond market. These items provide context on how Navios Maritime Partners funds its fleet and manages interest rate and refinancing risk.
Corporate and governance updates also appear in the news stream, including announcements of senior leadership changes, the creation of new executive roles and information about upcoming conference calls and webcasts for quarterly and annual results. Investors and analysts who want a consolidated view of these developments can use this page to review historical and recent news items related to Navios Maritime Partners.
Navios Maritime Partners (NYSE:NMM) has scheduled its Third Quarter 2024 earnings conference call for Tuesday, November 5, 2024, at 8:30 am ET. The company will release its financial results for Q3 and the nine months ended September 30, 2024, before the call. Senior management will present earnings highlights and commentary during the conference.
A supplemental slide presentation will be available on www.navios-mlp.com under the 'Investors' section at 8:00 am ET. The call can be accessed via US Dial-In (+1.800.267.6316) or International Dial-In (+1.203.518.9783) using Conference ID: NMMQ324. A replay will be available for one week, and the webcast will be archived for two weeks on the company website.
Navios Maritime Partners (NYSE:NMM) has declared a quarterly cash distribution of $0.05 per unit for Q3 2024. The distribution, which represents an annualized rate of $0.20 per unit, will be paid on November 15, 2024, to unitholders of record as of November 12, 2024.
Navios Maritime Partners (NYSE: NMM) revealed its financial results for Q2 and H1 2024. The company reported Q2 revenue of $342.2 million and net income of $101.5 million, with an EPS of $3.30. For H1 2024, revenue was $660.7 million and net income was $174.8 million, with an EPS of $5.68. EBITDA for Q2 and H1 were $197.0 million and $363.2 million respectively.
Navios repurchased 197,148 common units for $9.7 million and paid a cash distribution of $0.05 per unit for Q2. The company acquired seven vessels worth $501.1 million and sold three vessels for $64.6 million. Four newbuild vessels were delivered. Navios has $3.7 billion in contracted revenue as of August 2024.
The company renewed its management and administrative services agreements and entered a new $95 million reducing revolving credit facility.
Navios Maritime Partners L.P. (NYSE:NMM) has announced the date for its Q2 2024 earnings release and conference call. The company will report results for the second quarter and six months ended June 30, 2024, prior to the conference call scheduled for Tuesday, August 20, 2024, at 8:30 am ET.
Key details include:
- A supplemental slide presentation will be available on the company's website at 8:00 am ET on the day of the call
- US Dial In: +1.800.579.2543
- International Dial In: +1.785.424.1789
- Conference ID: NMMQ224
The call will also be webcast and archived on the Navios Partners website for two weeks. A conference call replay will be available for one week after the live call.
Navios Maritime Partners L.P. (NYSE:NMM) has announced a quarterly cash distribution of $0.05 per unit for the quarter ended June 30, 2024. This distribution equates to an annualized distribution of $0.20 per unit. The payment is scheduled for August 14, 2024, with a record date of August 9, 2024. This announcement reflects the company's commitment to providing returns to its unitholders, although the distribution amount may be considered modest compared to industry standards.
Navios Maritime Partners L.P. (NYSE: NMM) reported its Q1 2024 financial results, posting a revenue of $318.6 million and a net income of $73.4 million. Earnings per common unit stood at $2.38. The company generated $94.4 million in net cash from operating activities and achieved an EBITDA of $166.2 million.
Significant vessel transactions included $92.6 million in gross sale proceeds and $245.7 million in acquisitions year-to-date. Notable acquisitions consisted of two aframax/LR2 tankers and four kamsarmaxes. The company also took delivery of three newbuild vessels this year.
Navios Partners announced $211.2 million in contracted revenue from new long-term charters, contributing to a total contracted revenue of $3.3 billion.
The Board declared a cash distribution of $0.05 per unit for Q1 2024, paid on May 14, 2024.
Despite facing regional conflicts, the maritime environment has remained strong, enabling robust financial performance. However, challenges such as increasing operational expenses and a decline in net income compared to the previous year were noted.
Navios Maritime Partners L.P. announced the date for the release of their first quarter results ending March 31, 2024. The conference call and webcast are scheduled for Tuesday, May 14, 2024, at 8:30 am ET. Navios Partners' senior management will discuss earnings highlights for the quarter, with a supplemental slide presentation available on their website. The call will also be webcasted and archived for two weeks.
Navios Maritime Partners L.P. announced a cash distribution of $0.05 per unit for the quarter ended March 31, 2024, totaling an annualized distribution of $0.20 per unit. The distribution will be paid on May 14, 2024, to unit holders of record as of May 10, 2024.
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